The list is updated yearly and is up for re-evaluation by the Calpers board in February , although permission to invest in ADRs and GDRs could come sooner .
The California Public Employees Retirement System \'s ( CALPERS ), definition of independent director excludes former employees who have served in an executive capacity in the last five years .
Mr McCormack believes that , in a few years , they will be as transparent as Calpers , the Californian teachers ’ pension scheme , or the Norwegian oil fund .
Ten years ago , Carlyle sold a 5.5 % ownership position in its management company to the California public employees \' retirement system ( CalPERS ) , for $ 175 million .
十年前,凯雷以1.75亿美元将其管理公司5.5%的股权售予加州公共雇员退休基金(CalPERS)。
This could be the big PR splash CalPERS is looking for , given that such deals typically involve below-market , ilpa-compliant fee structures ( at least for the pe-specific portions ) .